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Electronic-cash Solutions

ON-LINE FRAUD

The SELECT System® On-Line Fraud Detection Module enables institutions to reduce fraudulent authorisation requests.

It is based on:

  • rules for detecting suspicious transactions, those rules being pre-defined or added dynamically by the institution
  • a history to calculate a risk score based on the seriousness of the transgressions against the aforesaid rules, 
  • and authorisation decisions that are referenced by the institution according to the score obtained.